Category: August
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Daily Broad Market Recap – August 6, 2024
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A bit of calm has returned to the financial markets over the past few trading sessions, but we are still seeing significant movements between some major currencies and asset classes. Bitcoin saw a big rebound, closing up around 5% on the day while Treasury yields also made good gains. Here’s…
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Daily Broad Market Recap – August 5, 2024
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Traders appear to have woken up on the wrong side of the bed this Monday, as major asset classes found themselves in the red. What’s going on? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: Minutes of the Bank of Japan meeting revealed…
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TSS, INC. TO REPORT SECOND QUARTER 2024 RESULTS ON WEDNESDAY, AUGUST 14, 2024 By Investing.com
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ROUND ROCK, Texas, Aug. 5, 2024 (GLOBE NEWSWIRE) — TSS, Inc. (OTC: TSSI), a data center services company that integrates high-performance computing infrastructure and software and provides related data center services, will announce its financial results for the second quarter of 2024 on Wednesday, August 14, 2024. The company will…
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Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000?
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The Relative Strength Index (RSI) is an important indicator for any cryptocurrency, and Bitcoin is no different. Since the leading cryptocurrency has been around for so long, the abundance of data makes it possible to use this indicator to try to determine which direction the price might head next. This…
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Weekly Market Outlook (05-09 August)
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Upcoming Events: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed SLOOS. Tuesday: Average cash income in Japan, RBA monetary policy decision, Swiss unemployment rate and retail sales, Eurozone retail sales, Canada services PMI. WednesdayNew Zealand Labour Market Report, Bank of Canada Meeting Minutes. Thursday:Bank of Japan…
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Top 4 Meme Coins Besides Shiba Inu And Dogecoin That Could Do Great In August
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In the current cycle, meme coins have managed to outperform utility coins, with coins like Dogecoin and Shiba Inu remaining prominent players. However, given how much Dogecoin and Shiba Inu have already grown, crypto investors are seeing their gains limited, prompting them to move towards other meme coins for higher…
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What will be the main earnings releases for the week starting August 5
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This week was certainly the biggest of the quarter, with 4 of the 7 “Magnificent 7” announced including Meta, Apple, Amazon and Microsoft. How did those stocks perform this week? Two stocks rose and two fell, with Amazon the worst performer as it failed to generate revenue (its first failure…
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Global Market Weekly Recap: July 29 – August 2, 2024
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The usual correlations between major assets were not in evidence at the start of the week as top-tier data releases sparked volatile price reactions and individual directional moves. Interest rate developments in the US, Japan and the UK were at the forefront, although tensions in the Middle East and US…
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Best online checking accounts for August 2024: our top 10 picks
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Finding the ideal checking account can feel similar to finding a needle in a haystack. Each competes for your business by offering extras, such as checking account bonuses or rewards points for certain activities. So, how do you narrow it down? We’ve done the research and have come up with…
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Daily Broad Market Recap – August 1, 2024
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Just when August seemed to be off to a sluggish start, volatility in the financial markets reached a peak as the New York session approached. what happened after that? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: Australian import prices recovered 1.0% q-o-q…
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Weekly Market Outlook (29-02 August)
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Upcoming Events: Monday: U.S. Treasury Refinancing Financing Estimates. Tuesday: Japan unemployment rate, Eurozone Q2 GDP, US job openings, US consumer confidence. Wednesday:Japan Industrial Production and Retail Sales, Australia CPI, China PMI, Bank of Japan Policy Decision, Eurozone Spot CPI, US ADP, Canada GDP, US Consumer Confidence, US Treasury Refinancing Announcement,…
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Indian PM Modi likely to visit Ukraine in August, local media reports By Reuters
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NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is likely to visit Ukraine next month, a local media report said, his first visit to the country since its war with Russia began and just weeks after he met Russian President Vladimir Putin in Moscow. The Ukrainian embassy in New…
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Nexus Industrial REIT Announces Second Quarter Results Date, and July and August Distributions
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Article Content TORONTO, July 18, 2024 (GLOBE NEWSWIRE) — Nexus Industrial Real Estate Investment Trust (“Nexus” or the “Real Estate Trust”) (TSX: NXR.UN) today announced that it intends to release its financial results for the quarter ended June 30, 2024, prior to the opening of the Toronto Stock Exchange on…
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UBS revises NZD/USD forecast, expects RBNZ rate cut in August By Investing.com
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UBS has updated its forecast for the New Zealand dollar (NZD), expecting a weaker-than-expected performance against its G10 peers, including the US dollar. The adjustment follows a previous warning on May 30 that the pair was on thin ice due to a mismatch between net long positions and growth expectations.…
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Tesla delays robotaxi launch to October from August, Bloomberg News reports By Reuters
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Tesla Inc. has delayed the launch of a robotaxi by about two months until October after the design team was asked to redesign some elements of the vehicle, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla (NASDAQ:TSLA), which is betting on self-driving vehicles over…
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RBA could hike rates in August, supporting AUDUSD- UBS By Investing.com
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UBS said it expects the Reserve Bank of Australia to raise interest rates in August after a series of inflation surprises, and that the Australian dollar (AUDUSD) is likely to benefit from such a scenario in the longer term. Australia’s inflation rate has unexpectedly risen for three straight months, raising…
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BOE Kept Interest Rates Unchanged in June, Says August Decision Is A ‘Live’ One
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As expected, the Bank of England (BOE) kept interest rates steady at 5.25% in a 7-2 vote of the Monetary Policy Committee last June. In its official statement, the Bank of England acknowledged that annual inflation fell to 2% in May, but also noted that the consumer price index is…
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August back in the picture for the BOE?
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There were some cautious hints, subtle ones of course, provided by the Bank of England in today’s interest rate statement. Let’s dive right into it. First, they submitted this clip to the forward directive: “As part of the August forecast round, committee members will consider all available information and how…
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Become a Speaker at FMPS this August!
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The Finance Magnates Pacific Summit (FMPS) will be held August 27-29! This flagship event will be held in Sydney, Australia, and will be one of the largest this year in the Asia Pacific region, showcasing the biggest speakers from across the financial services industry. Will you or your brand be…
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Bitcoin Eyes Repeat Performance, Could Hit $140,000 By August
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Recent Bitcoin analyzes and forecasts from leading experts highlight the likely path of the price of the top crypto assets in the coming months, with an eye on 2024 and beyond. Related reading Market insights and price forecasts for Bitcoin As the cryptocurrency community eagerly awaits the future of Bitcoin,…